The current Concorde Agreement is a major tripartite commercial agreement between F1 between the commercial rights holder (FOM owned by Liberty Media), the FIA ​​and 10 teams, covering the period 2021-2025.

With two years left in the season, there is no rush to seal a new deal, but in a recent phone call with Wall Street analyst Liberty Media chief Greg Maffei he was keen to “strike while the iron is hot” and use F1 to strike ahead. Strong momentum for new terms.

“We still have a few years to implement the Concorde agreement,” Maffei said.

“But I think there is a consensus between the teams, the FIA ​​and ourselves that now might be a good time to try to strike while the iron is hot, to renew and extend the Concorde agreement.”

McLaren chief executive Brown believes that a new deal “sooner rather than later” is good for the stability of the series, and sees the new deal as little more than a “wash and repeat” of the current terms.

“I think everything is fine,” he said. “If you look at the health of the sport, from a Liberty standpoint, from a 10-team standpoint, the teams that want to get in, the promoters, the fans, the TV, so I think for the stability of the sport And longevity, seeing it done sooner rather than later.

“I also think it’s a bit of a rinse and repeat. I think it works. I don’t think there’s much to add or change to the existing agreement, so I don’t think there’s a need for a long conversation either. I’d be happy to rinse and talk here and Make some adjustments there.

“Since our last agreement, some things in the digital age have progressed and I think need to be discussed. But I think for the most part it’s a solid agreement. It’s working, so we really There’s no need to fix what’s not broken.”

Haas F1 Team Principal Guenther Steiner, grid

Photography: Alexander Trienitz / motorsport pictures

Haas’ Gunther Steiner and Alpine team boss Otmar Szafnauer are also not opposed to the idea of ​​starting formal talks in the near future.

“I think if you start now, you get an idea of ​​how long these concordance agreements typically take, so the sooner we start, the sooner we can come to a conclusion,” Steiner said.

“So, if FOM wants to come and give us an idea of ​​what they want to do for the next five years, actually the next seven years, I have no objection. I think we as a group would be more than happy to talk to them.”

Sazfnauer added: “If the FOM is willing to start talking to the teams and start working out the outlines of a new Concorde agreement, early on, I don’t see any downside to that.”

Mercedes team principal Toto Wolff has urged F1 to hold fresh discussions behind closed doors on Concorde, keeping it away from controversy.

“I think the most important thing is to have these conversations behind closed doors,” Wolf stressed. “If we have long-term alliances and contracts, like Concorde, the longer the better for all of our businesses, but we’re at a very early stage.

“We haven’t really started talking properly. That’s going to happen soon. But it should happen in a constructive way, not live and create controversy.”

Red Bull’s Christian Horner said he was looking forward to “a contest that will undoubtedly take place” between all stakeholders over the extra value that F1 will generate under Liberty Media’s oversight.

“Formula 1 has never been in a better position. I think Liberty does a good job in a sport,” he added.

“We’ve seen new markets, new growth, new fans and new fan bases. There will always be debates between teams and commercial rights holders about who should have more value, and I’m looking forward to this, as Toto said. The tournament will no doubt take place behind the door.

“But I think longevity is in everyone’s best interest, to have a stable sport that has a clear direction for the future, what its goals and objectives are, and the technical, sporting and financial regulations that we want to have going forward, to continue in the coming years Make the game better, more engaging and inclusive.”